teck resources ltd-cls b (TCK/B) Related Businessweek News

teck resources ltd-cls b (TCK/B) Details

Teck Resources Limited explores, develops, and produces natural resources in the Americas, the Asia Pacific, Europe, and Africa. Its principal products include copper, including copper concentrates and cathode copper; steelmaking coal; and refined zinc and zinc concentrates. The company also produces lead, molybdenum, gold, silver, germanium and indium, chemicals, and fertilizers. In addition, it holds interest in oil sands projects in the Athabasca region of Alberta; and owns or has interests in 13 mines in Canada, the United States, Chile, and Peru, as well as operates a metallurgical complex. The company was formerly known as Teck Cominco Limited and changed its name to Teck Resources Limited in April 2009. Teck Resources Limited was founded in 1906 and is headquartered in Vancouver, Canada.

teck resources ltd-cls b (TCK/B) Key Developments

Teck Resources Denies Acquisition Of Antofagasta

Mar 30 15

Teck Resources Limited (TSX:TCK.B) reportedly is seeking acquisition of Antofagasta plc (LSE:ANTO). “Teck Resources Ltd. and Antofagasta Plc have explored a merger that would create one of the world’s largest copper producers,” people with knowledge of the matter said. “The companies have held early-stage talks, and any agreement hinges on the approval of the families that control both miners,” the people said, asking not to be identified discussing private information. “There’s no guarantee they will reach a deal, which would be primarily stock based,” the people said. Teck and Antofagasta said Monday in separate statements they aren’t currently in negotiations. Teck Resources Limited said it has taken note of press reports to the effect that it is in discussions with Antofagasta plc regarding a possible merger. Teck reports that it is not in discussions with Antofagasta in relation to any form of transaction, and there are no other corporate developments that justify any significant movement in its share price.

Teck Resources Limited (Teck) announced the appointment of Andrew Stonkus as Senior Vice President and Marketing and Sales. Mr. Stonkus brings to the role more than 30 years of marketing and sales experience in the mining industry. He joined Teck in 1988 and most recently held the position of Vice President, Base Metals Marketing, where he was responsible for both concentrate and metals marketing and sales.

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